Nathan Ferguson 
- Sandbox had its price reentering the demand zone at $2.69 and $3.00, pausing the latest flash crash.
- This barrier remains vital in preventing SAND from plunging toward $2 and can re-evaluate the token’s directional trend.
- Bouncing from the barrier might catalyze a 16% surge to $3.31.
Sandbox (SAND) hovers around a pivotal level following the latest crash, possibly rethinking its directional trend. A bounce off the mentioned footing might trigger an upside for the token, ending the bearish control.
SAND Price Targets Recovery
Sandbox had its price losing 35% within the previous five days, piercing the daily demand territory, stretching between $2.69 and $3.00. This action remains crucial as the barrier previously acted as SAND’s launchpad.
Therefore, the retracement can witness a U-turn, followed by a swift recovery rally. That would see SAND climbing to retest the hurdle of $3.31, translating to a 16% total gain. As this move depicts bullishness, an optimistic case would see SAND surging past this hurdle to retest the psychological zone at $4, a 38% total gain. Though unlikely, the alternative coin might touch the weekly resistance zone at $4.71. However, buyers need intensified activity to back the positive narrative.
While things appear up for SAND, increased sell-side actions might see the coin attempting to breach the demand zone at $2.69 – $3.00. A 24hr candle close under $2.69 would form a lower low, annulling Sandbox’s bullish thesis.
Such actions will attract bearish control, hinting at a possible downside to $1.80. That would mean a 33% drop for the metaverse token. However, this crash might see sidelined buyers reentering, attempting another upside move. While publishing this content, SAND traded at $2.93. Moreover, bears appear strong as the asset exhibits a bearish attitude.
For now, SAND’s downside moves appear to pause as the token nears a vital level of support. That was after the metaverse crypto dipped into the demand territory of $2.69 – $3.00. Moreover, the overall crypto market endured downswings.
Also, the global market cap highlights negative price moves by top digital coins, standing with over 5% 24hr declines at $1.65 trillion.
HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.
